GGP Buys the Last of its Shares from Bill Ackman

Bill Ackman’s Pershing Square Capital has exited its investment in regional mall REIT GGP, according to Bloomberg. The hedge fund, which invested in the REIT’s restructuring while it was going through Chapter 11 bankruptcy, sold 28 million shares back to the company for $556 million. read more

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Apartment REITs Begin to Sell Assets

Buying apartment properties in core markets is no longer enough for multifamily REITs. These companies are expected to slow their acquisitions of individual properties this year. read more

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CNL Healthcare Spends $60M on Four MOBs

ORLANDO—The deals bring CNL Healthcare’s total investment to $300 million. The healthcare REIT has acquired 26 non-senior living healthcare facilities since making its first purchase in January 2013. read more

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Silverstein Seeks New Debt Deal for WTC Complex

Larry Silverstein, the 82-year-old developer who has played a major role in rebuilding the World Trade Center complex, is trying to wrangle better financing from government agencies to restart work on a $2.3 billion office tower on the New York site, according to people familiar with the matter. read more

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Regulators fear more bad mortgage practices

You may have gotten a mortgage through the local branch of one of the megabanks, but did you know there’s a good chance your bank turned around and sold the rights to service your loan to somebody else? read more

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Kite to Buy Inland Diversified in $1.2B Deal

Just a few days after we discussed the potential wave of mergers and acquisitions in the REIT space with American Realty Capital CEO Nicholas Schorsch, news emerged that shopping center REIT Kite Realty Group struck a deal to buy Inland Diversified, a non-traded REIT, in a $1.2 billion transaction. read more

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Is Solar the Next Big Asset Class? Trepp and Mercatus Think So.

Mercatus Inc., an enterprise-level investment analysis and decision-making platform serving as a core operating system for solar energy investors, recently had its Series-A round of financing closed by Trepp LLC, a provider of information, analytics and technology to the CMBS, commercial real estate and banking markets. read more

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U.S. Firms Lead in Green for Global 100 Index

Eighteen U.S. firms were recently named to the Global 100, a stock index that ranks companies based on sustainable practices, a list that includes industrial powerhouse Prologis Inc. and other firms that use green concepts in their offices and manufacturing plants. Each year Global Knights, based in Toronto, researches 4,000 public companies across the globe...

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